UK inflation falls despite rising petrol prices and supply chain crisis
UK inflation fell back slightly in September despite pressure on households from soaring petrol prices and businesses being hit by shortages of lorry drivers and materials.
The Office for National Statistics said the consumer price index eased to 3.1%, from 3.2% in August, as the impact of the government’s eat out to help out scheme dropped out of the calculation for the annual inflation rate.
Petrol prices hitting the highest level in eight years, as well as the rising cost of food, drink, secondhand cars and air travel, maintained elevated pressure on households’ living costs. Prior to August, the last time overall inflation was at 3.1% or higher was 2017.
The modest fall in the headline rate reflects a rise in restaurant prices in September
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